Gold is currently tucked between fragile support and weak resistance.
Both gold and silver have been on a wild ride for the past several weeks. The last technical analysis showed how gold had broken through the lengthy consolidation pattern between $1750-$1800, with the Ukraine crisis pushing the metal through $1900.
This article was written by Joel Bauman, SchiffGold Senior Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The article focuses on the gold market through the lens of technical analysis. Technical analysis is a subjective form of study based on historical price patterns. The analysis offered is for educational purposes and is not a recommendation to buy or sell.
